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Tesla sponsors sustainability project for church in Oakland
Tesla sponsored a sustainability project for the Allen Temple Baptist Church in Oakland, California. The project required over 1,650 in person-hours to be completed. Additionally, the preparation, installation, and solar panels were valued at $720,000. The church noted that Tesla’s investment would yield more than $285,000 in electricity saving over the next ten years. This was Tesla’s first partnership in the nation to provide a church with solar panels.
“Tesla installed a new roof for our Family Life Center Gymnasium wing, solar panels, and power wall! It is our prayer that this large-scale project will encourage other churches to install clean and sustainable energy on their campus and continue the battle for environmental justice.”
“Our deepest thanks to Rob McCafferty, Zach Hill and the Tesla team, Congresswoman Barbara Lee and Assemblymember Mia Bonta for providing gracious proclamations, and especially to our Trustees Ministry, Buildings & Grounds Committee, and Trustee Leonard Medley, who shepherded the project,” Allen Temple said on its Facebook page.
On January 15, Allen Temple held a dedication and ribbon-cutting ceremony for a new energy storage project at its Family Life Center in Oakland, California. The project, in partnership with Tesla, was completed on December 21, 2022.
The church said in a press release that Tesla’s sponsorship of the sustainability project would help it serve the community. These savings will enable it to direct more of its resources to community support and outreach. During power outages within its community, the Family Live Center will be continuously operational as a space for residents to receive services and support.
Reverand. Dr. Jacqueline A. Thompson, who serves as Senior Pastor, spoke of the lack of equitable access to clean air, water, healthy food options, and clean energy for the Flatland communities in East Oakland.
“At the heart of the issue is access. Equitable access to clean air, clean water, healthy food options, and clean energy. But there is a growing movement in California and nationwide to provide this access in overlooked and underserved communities. Dr. Ambrose Carroll and Green The Church have stood at the intersection of the Black Church and this movement creating critical connections that promote sustainability,” she said.
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“Tesla’s willingness to commit their time, talent, resources, and technology to projects in the community reflects the power and potential of business and faith-based partnerships. When equity and justice for all is the goal, we all win. I am thankful for the leadership and support of our Trustee Ministry in making this vision a reality. May this be the first of many.” she added.
Reverand Dr. Ambrose Carroll, the Founder and CEO of Green The Church thanked Tesla for its involvement in the community.
“We are thankful to see our friends at Tesla involved in work that empowers the community. Through this partnership with Allen Temple, Tesla has shown its desire to ensure that in the Bay Area, when it comes to clean tech, they want all boats to rise as the clean energy sector thrives. This project brings Allen Temple one step closer to being a ‘Resilience Hub’ for its community.”
“When the neighborhood loses power due to fires, rain, storms, floods, or earthquakes, this faith community can be ready to provide food, shelter, and health aid, all of which are standards for resilience. Gentrification and marginalization have drastically affected Deep East Oakland for a long time. The black community owns many faith buildings, some of which are storefronts and others great Cathedrals, and all these buildings across the country need retrofitting. Many, like Allen Temple, can and will become Resilience Hubs!”
Tesla’s Senior Global Director of Public Policy, Rohan Patel, said that he was proud of the Tesla partnership with Allen Temple and thanked Green The Church for helping it to make it happen.
Proud of this @tesla partnership with @allentemplebc in Oakland. Thanks @greenthechurch for helping to make it happen https://t.co/Ir4a79DxiZ
— Rohan Patel (@rohanspatel) January 21, 2023
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You can view the photos from the ribbon-cutting ceremony in the gallery below.
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Disclosure: Johnna is a $TSLA shareholder and believes in Tesla’s mission.
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In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
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Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
SpaceX’s massive investment in AI will make it a big winner, Argus Research said after the company’s successful earnings call last week.
The firm also upgraded shares to a Buy from Hold and set a $160 price target.
SpaceX (NASDAQ: SPCX) is currently recovering from its heavy AI infrastructure investments, as it spent nearly $16 billion in Q2 alone. The company did this primarily by monetizing high-demand GPU compute capacity at a much faster pace than traditional data center economics would suggest.
Company CFO Bret Johnsen said that SpaceX would be able to pay back anything on new deployments within a year.
There are plenty of ways the company can do this:
Leasing excess compute capacity through contracts
SpaceX has already built Colossus and Colossus II, largely for its own model training. However, much of that capacity is already rented out to third parties. It already has major deals with Anthropic, Google, and Reflection AI. These partnerships are adding billions per month to SpaceX’s spreadsheet.
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High utilization driven by industry-wide scarcity
The demand for advanced AI training and inference capacity continues to exceed what is available for use. SpaceX can fill new racks quickly after they come online, so the capital deployed converts into revenue with minimal idle time.
Additionally, management and outside observers have described the new compute capital as behaving more like a cost-of-goods-sold than traditional multi-year capex, especially because of this rapid monetization pattern.
Capacity has already scaled from ~0.4 GW a year to 1.4 GW annually by the end of Q2. There are targets of more than 2 GW by year-end.
High incremental margins on the rental business once capacity is online
GPU cloud providers often operate at strong gross margins. SpaceX can monetize capacity that was already partially built or can be added efficiently. This means that incremental EBITDA margins on the rental revenue are usually high. This accelerates cash recovery relative to the gross capital outlay.
Parallel monetization of its own AI software and applications
Beyond pure infrastructure rental, SpaceX also generates revenue from Grok through subscriptions and usage, from X through ads, data, and other related services, enterprise APIs, and the planned integration of the Cursor coding tools acquisition.
These application layers ride on the same compute infrastructure and provide additional high-margin streams that could offset build-out costs. AI-segment revenue overall rose sharply to about $2.6 billion in Q2, according to Motley Fool. This was driven primarily by the infrastructure contracts, but the software side is also partially responsible.
Efficient, large-scale deployment and vertical integration advantages
SpaceX has emphasized the rapid construction of power and cooling infrastructure and favorable cost-per-megawatt economics relative to industry benchmarks in some disclosures.
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Combined with its ability to scale capacity aggressively and the fact that many contracts start generating revenue within months of capacity coming online, the effective payback compresses dramatically compared with more conventional multi-year data-center projects.
SpaceX’s dominant near-term recovery path will turn the AI clusters into a hyperscale-style compute rental business for other leading AI companies while still using a portion for internal models.
Tesla headlights have caused a recall of over 20,000 of the company’s two most popular vehicles, the Model 3 and Model Y, due to the low-beam bulb exceeding the maximum allowed intensity according to federal standards.
Tesla initiated the recall with the National Highway Traffic Safety Administration (NHTSA) this morning, stating that the low-beam output “exceeds the maximum allowed intensity in the outer upper-right and outer upper-left areas of the 10U and 90U zone, as prescribed in FMVSS No. 108.”
Tesla sourced the impacted headlights from Marelli Automotive Lighting, a Mexico-based company. The recall impacts 2020-2023 Model Y vehicles and 2017-2023 Model 3 vehicles. It is estimated that every VIN in this recall is impacted by the defect.
🚨 Tesla is recalling 20,349 2020-23 Model Y vehicles and 2017-23 Model 3 vehicles due to an excessively bright headlamp low beam.
Currently, there is no remedy plan in place, as it is still being developed. pic.twitter.com/y34cIO2U0B
— TESLARATI (@Teslarati) August 11, 2026
Typically, Tesla would remedy recalls of this nature through an Over-the-Air software update, which has been a major focus of criticism by the company and its supporters because the NHTSA still refers to it as a “recall,” even though it requires no action by the vehicle owner. The fix is shipped over the internet and downloaded to the car.
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However, there appears to be a potentially different solution for this problem. Tesla has not developed a remedy for this issue, so it could potentially be on the way. The big issue appears to be the fact that these recalled lamps are out of production, and this is an old body style for both vehicles. The headlights and front-end designs are completely different.
Tesla switched to another supplier when the affected headlight design was discontinued. It plans to begin notifying owners of their remedy options by September 15.
Tesla filed a petition protesting the recall to fix the vehicles’ headlight issue, but the NHTSA denied it. Now, Tesla will come up with a solution to fix it.
Tesla has one big financial question to answer for investors: Morgan Stanley
SpaceX AI investment gamble will make it a big winner, firm says
